Information on the target
Delta Plus Group has successfully acquired Pesso Alisea Corporate Finance, which advised on the acquisition of Gevanta (Pesso Safety), a prominent Lithuanian company specializing in the development and distribution of workwear and safety footwear. Gevanta, headquartered in Vilnius, has carved out a significant market presence in the Baltic region, known for its commitment to high-quality, value-added products and robust financial performance.
This acquisition is a strategic move for Delta Plus Group, a leading player in the Personal Protective Equipment (PPE) sector, which boasts a turnover of approximately €400 million. The Group is recognized for its strong international footprint and sustainable growth strategy, making this acquisition a pivotal addition to its portfolio.
Industry overview in the target’s specific country
The Lithuanian market for Personal Protective Equipment (PPE) has been experiencing steady growth, driven by increasing safety regulations and a heightened awareness of workplace safety among employers. As industries expand and evolve, the demand for high-quality workwear and safety footwear has surged, positioning companies like Gevanta at the forefront of this burgeoning sector.
Furthermore, the Baltic region has seen a significant uptick in investments in infrastructure and industrial projects, further fueling the need for protective gear. With a growing emphasis on employee safety and compliance with international standards, the PPE market in Lithuania is expected to continue its upward trajectory, presenting ample opportunities for established players and new entrants alike.
In addition, the Lithuanian government's commitment to enhancing workplace safety regulations has created a favorable environment for PPE manufacturers. This regulatory support, combined with an increasing focus on sustainability and eco-friendly products, aligns well with Gevanta's offerings, making it a strategic fit for Delta Plus Group's growth ambitions in the region.
The rationale behind the deal The acquisition of Gevanta by Delta Plus Group is driven by a strategic vision to enhance its market presence in the Baltic countries and leverage Gevanta's established reputation for …